Investment in Wholly-Owned Subsidiary of the Company
CYBERTECH · price
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CyberTech Systems and Software Ltd has invested US$ 4,344,900 (approximately Rs 36+ million) in its wholly-owned US subsidiary, CyberTech Systems & Software Inc. (CSSI), through a cash bank transfer. The investment was made on May 6, 2026 as capital contribution to facilitate the subsidiary's business operations. CSSI, incorporated in Delaware, USA in 2003, provides Enterprise Cloud Transformation services including Cloud-based SAP solutions and Esri ArcGIS platforms. The subsidiary reported consistent growth with turnover increasing from USD 19.37 million (FY2023) to USD 22.40 million (FY2025). The transaction qualifies as a Related Party Transaction (since CSSI is a wholly-owned subsidiary) and was conducted on an arm's length basis.
This is an internal capital infusion to support the subsidiary's growth and does not change the parent's 100% ownership. It indicates the parent company's commitment to expanding its US operations and may marginally impact cash reserves of the Indian listed entity, though the amount is relatively small compared to typical corporate deals.